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News

Finland's Varma to scale back domestic real estate investment

2011-01-17T13:30:00Z

FINLAND – Varma Mutual Pension Insurance Company is expected to slow its domestic real estate investment programme in 2011, following two years of intense activity, citing rising vacancies and an influx of foreign investors.

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German roundup: AXA IM, infrastructure, Fleischhauer, Hoyer & Partner

2011-01-13T16:15:00Z

GERMANY – Out of Germany's 156 institutional investors, Pensionskassen were the only ones to identify direct real estate holdings as more risky than indirect investments in a survey commissioned by AXA Investment Managers.

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SPMS awards Aviva Investors €350m property mandate

2011-01-13T14:45:00Z

GLOBAL – The €5.5bn occupation pension fund for Dutch medical consultants (SPMS) has appointed UK firm Aviva Investors as manager of its unlisted property.

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Arbuthnot UK real estate team enters JV with AEW Europe

2011-01-13T13:45:00Z

UK – The UK real estate team of Arbuthnot Real Estate Investment Management (ArbreIM) has left the company to form a new joint venture business with AEW Europe.

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Transaction-linked index a 'gift' for asset allocation, says Mercer

2011-01-13T12:15:00Z

EUROPE – The transaction-linked index (TLI) being developed by IPD, which combines market valuations with traded prices, will be a "gift" when devising asset allocations for pension funds, according to Mercer.

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CBRE Investors' opportunity fund takes over Atlantic Station

2011-01-10T14:15:00Z

GLOBAL – CB Richard Ellis Investors has acquired Atlantic Station in Atlanta, Georgia, from insurer AIG for its fifth US opportunity fund.

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Cornerstone targets infrastructure for first European offering

2011-01-10T14:00:00Z

EUROPE – Cornerstone Real Estate Advisers Europe has launched its first European fund – a social infrastructure vehicle – since the US-based investment manager acquired Protego Real Estate Investors in 2009.

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ATP signs off €700m for indirect real estate investments

2011-01-10T13:00:00Z

DENMARK – Denmark's largest pension fund, ATP, has allocated a further €700m to invest in real estate funds, joint ventures and club deals through its subsidiary ATP Real Estate.

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Vasakronan makes Sweden's largest real estate purchase

2011-01-10T11:45:00Z

SWEDEN – Vasakronan, the real estate company owned by Sweden's national buffer funds, has acquired the Blåmannen 20 city block in Stockholm, known as Klara Zenit, in its entirety for SEK4.35bn (€487m).

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APG makes joint bid for ING's €1.9bn Australian property fund

2011-01-06T14:15:00Z

NETHERLANDS – The €266bn Dutch asset manager APG is part of a syndicate bidding for a €1.9bn ING property fund.

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Dutch pension funds offload Rotterdam courts to GBA

2011-01-06T13:45:00Z

NETHERLANDS – A group including Dutch pension funds KPN and TNT has sold the Wilhelminahof offices and courts complex in Rotterdam for €220m to the Dutch Government Buildings Agency (GBA).

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Invesco-Ciloger partnership acquires German properties for French institutions

2011-01-06T13:30:00Z

EUROPE – Invesco Real Estate and Ciloger have acquired 10 newly built retail assets in Germany for €218m on behalf of seven French institutional investors.

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Insurers commit to European debt through AXA Real Estate

2011-01-06T13:30:00Z

EUROPE – AXA Real Estate Investment Managers has secured €1.5bn in insurance company capital to provide European real estate financing.

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Switzerland's AFIAA takes profits from Canadian investments

2011-01-06T13:15:00Z

GLOBAL – AFIAA, the foundation owned by 20 Swiss pension funds, has sold three assets in Canada as part of an optimisation of its global real estate portfolio.

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Danish roundup: ATP, PensionDanmark, Magillum Properties, EY-Tower

2011-01-06T13:00:00Z

DENMARK – The property arm of Danish pensions giant ATP has teamed up with labour market fund PensionDanmark to buy three department store buildings in the country's biggest real estate deal of 2010.

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Investors should branch into developing economies - LaSalle

2010-12-23T14:30:00Z

GLOBAL – Institutional investors looking to guarantee strong returns in 2011 cannot rely on portfolios consisting purely of cities in developed markets, LaSalle Investment Management has warned.

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UK PPF appoints LaSalle, CB Richard Ellis to global real estate mandates

2010-12-23T13:00:00Z

UK – The UK Pension Protection Fund (PPF) has appointed La Salle Investment Management and CBRE Investors to develop its global real estate strategy.

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JP Morgan acquires its own London offices for more than €1bn

2010-12-20T15:45:00Z

UK – Investment bank JP Morgan has taken ownership of 25 Bank Street in Canary Wharf, which will become its new European headquarters in 2012, and another London office housing its treasury and securities services division for close to £850m (€1.01bn).

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Amplion buys Varma portfolio for Finnish institutions

2010-12-20T15:45:00Z

FINLAND – Amplion Asset Management Oy has acquired a €100m real estate portfolio from Varma Mutual Pension Insurance Company on behalf of a number of Finnish institutional investors.

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INREV: Positive capital growth returns to continental Europe

2010-12-16T15:45:00Z

EUROPE – The European Association for Investors in Non-listed Real Estate Vehicles (INREV) has measured positive capital growth across the continental European property markets for the first time since 2007.